French Crypto Tax Plan Stalls After Budget Section Rejected
French crypto tax amendments advanced in committee, but the National Assembly Finance Committee then voted 31–3 to strike the budget's revenue portion, so lawmakers must reintroduce the measures. The proposals would apply the existing 31.4% flat tax to qualifying stablecoin conversions and impose an exit tax on crypto holders who move abroad with more than €800,000. A separate amendment would let eligible crypto losses be carried forward for ten years, and both tax rules are set to take effect on January 1, 2027 if they become law.
The Finance Committee backed the crypto measures before rejecting the budget’s revenue section 31–3 on October 10, 2026. Because that section was struck, the Assembly will begin from the government’s original text, leaving lawmakers to reintroduce the amendments. Floor debate was scheduled to start October 13, 2026.
Amendments from Nicolas Sansu target different issues. I-CF1822, filed with 16 co-signers, would extend an existing exit-tax framework for shares to crypto above €800,000, while I-CF1826 would make certain MiCA-defined e-money token conversions taxable at the 31.4% flat rate. A third proposal would allow eligible losses to be offset over ten years.
French crypto holders, especially those with large portfolios or plans to relocate, could face greater tax uncertainty and compliance costs if these measures are revived. Stablecoin users may need to reassess conversions that currently avoid immediate gains tax. The proposals could also affect how mobile investors view France, while the delayed process may leave taxpayers unable to plan confidently before the proposed 2027 start date.